Forecast: Orange Juice Import in South Korea

The import volume of orange juice in South Korea was 16.3 Thousand Metric Tons in 2023. From 2013 to 2023, orange juice import volumes showed significant fluctuations, with an initial decline from 2013 to 2014, a peak in 2017, followed by another peak in 2019. Recent data indicates a consistent decline post-2020, with a year-on-year decrease of 4.09% in 2023. The last five years (2018-2023) showed a Compound Annual Growth Rate (CAGR) of -0.56%.

Future trends indicate a continued downward trajectory in import volumes, with forecasted data showing a 5-year CAGR of -3.98%, resulting in an 18.39% decrease by 2028 compared to 2023.

Trends to watch for in the future include:

  • Changes in consumer preferences and health trends potentially impacting juice consumption.
  • Global supply chain dynamics and their effect on import costs and availability.
  • Economic factors within South Korea influencing disposable incomes and purchasing behaviors.

Top Countries about Orange Juice